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HUD Secretary States: RAD – “We need to lift the cap”

By Molly Bryson on June 9, 2017
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At the National Housing Conference 2017 Annual Policy Symposium on June 9, 2017, HUD Secretary Ben Carson delivered the keynote address and participated in a Q&A session with Chris Estes, President and CEO of NHC.  While much of the keynote address focused on homeownership issues, remarks made during the Q&A included such topics as the Rental Assistance Demonstration (RAD) program, Housing First, veterans housing, rural housing, fair housing, and the Federal Housing Administration. 

With respect to RAD, the Secretary called it the “perfect example” to leverage funds to provide more affordable units through public private partnerships.  He called for the lifting of the RAD cap on units (currently 225,000 units), as he described the program as a “win win situation” in the context of spreading funds further in light of fiscal constraints.  In emphasizing “enhancing public private partnerships,” the Secretary specifically mentioned the use of low-income housing tax credits.   

A recording of the Secretary’s remarks can be found here.  Remarks relating to RAD can be found beginning at time stamp 12:42 and also at 21:47.

 

 

  • Posted in:
    Other
  • Blog:
    Housing Plus
  • Organization:
    Ballard Spahr LLP

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